HUD spends nearly $3 billion to nation's public housing authorities to improve housing

Mar 24, 2009

Fannie Mae/Freddie Mac HVCC effective May 1, 2009 MortgagePress.comFannie Mae, Freddie Mac, appraisals, Home Valuation Code of Conduct, HVCC The Fannie Mae and Freddie Mac Home Valuation Code of Conduct (HVCC) becomes effective on May 1, 2009. All lenders, correspondent lenders, and servicers selling loans to Fannie Mae/Freddie Mac will be required to adhere to the Code. The Code of Conduct establishes: • Required use of the Market Conditions Addendum ( Fannie Mae form 1004MC/Freddie Mac form 71) • Appraiser independence safeguards • Requirement that the borrower receive a copy of the appraisal • Appraiser engagement restrictions • Prohibitions against improper influences on appraisers • Appraisal audit requirements • Independent Valuation Protection Institute For a copy of the HVCC click here.

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Mar 24, 2009

People On The Move

Banking, Financial Services Exec Leslie Gillin Joins Newrez As Chief Commercial Officer

In new role, Gillin says she’ll work to apply data and AI to create more seamless, modern homeowner experiences

Mortgage servicer and Non-QM-focused lender Newrez LLC has hired Leslie Gillin as its chief commercial officer. She joins the company after serving as chief growth officer at Pagaya, a firm that applies AI and machine learning to help financial institutions and fintechs asse...

Analysis and Data

Black Potential Homebuyers Denied Nearly Twice As Often

Though homeownership rates among Black Americans have improved, they still lag behind other racial groups

Although ownership among Black households has grown over the past 10 years, they are almost twice as likely to be turned away for financing than anyone else, reveals a scrub of data from the federal Home Mortgage Disclosure Act. The disparities aren’t uniform. Denial rate...